Duke University - Electric Industry Operations and Markets
5.0 /5- Offered byCoursera
Electric Industry Operations and Markets at Coursera Overview
Duration | 8 hours |
Total fee | Free |
Mode of learning | Online |
Difficulty level | Beginner |
Official Website | Explore Free Course  |
Credential | Certificate |
Electric Industry Operations and Markets at Coursera Highlights
- Shareable Certificate Earn a Certificate upon completion
- 100% online Start instantly and learn at your own schedule.
- Flexible deadlines Reset deadlines in accordance to your schedule.
- Beginner Level
- Approx. 8 hours to complete
- English Subtitles: Arabic, French, Portuguese (European), Italian, Vietnamese, German, Russian, English, Spanish
Electric Industry Operations and Markets at Coursera Course details
- This is a two week course. In the first week you will learn about the core activities that the Industry executes to bring electricity to customers. We will review what electricity is, how it is generated, how it is transmitted, how it comes into buildings, and how consumption of electricity instantly feeds back on the transmission and generation of electricity. You will learn to:
- Define what electricity is;
- Describe how electricity is generated, transmitted and distributed;
- Describe how electricity is generated, transmitted and distributed; and
- Summarize how the consumption of electric energy instantly feeds back on the transmission and generation of electricity.
- In the second week, the course shifts to the markets that drive Electric Industry operations. You will learn about the various costs of the electric industry?s core activities, how electricity is priced, the various ways that electric markets are structured, how these market structures determine which power plants are dispatched to produce electricity when, and how recent changes in generator fuel prices, generation technology, market regulations, and environmental regulations are transforming both Electric Industry Markets and Operations. You will learn to:
- Describe the main cost components to the electric system;
- Compare the costs of different types of power plants;
- Interpret the retail pricing of electricity;
- Explain the different types of electric markets and understand how they operate to dispatch electric supply to meet demand in real time; and
- Explain why and how the electric industry is regulated.
Electric Industry Operations and Markets at Coursera Curriculum
Electric Industry Operations
Course Introduction
Electric Industry Overview
What Electricity Is
Charge, Current, Voltage, and Resistance
Electric Power, Electric Energy, and Ohm's Law
A Circuit Model of the Electric System
Electromagnetism
Power Plants
Capacity Factor
How a Transformer Works
Transmitting and Distributing Electricity
Power Line Loss
Electric System Basics in Buildings
Lamp to Plant
Daily and Seasonal Variations in Electric Load
Industry Overview
Generation
Transmission & Distribution
Load
Electricity Industry Markets
Managing Supply to Meet Demand
The Need for Different Power Plants
Levelized Cost of Electricity
Retail Pricing of Electricity
The Need for Regulation
Who Regulates What
Major Federal Regulations
Existing Electric Market Structures
Ideal Economic Dispatch
Generator Selling Price
Actual Economic Dispatch
Relationship Between Wholesale and Retail Prices
Impact of Fuel Prices
Impact of Government Regulations
Impact of Government Incentivies
Growth in Renewable Electricity Generation
System Management
Regulation
Markets
External Market Forces
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